Malaysia - Lau family firm 1st to get Indon listing

14th Feb, 2006: JAKARTA - PT Malindo Feedmill Tbk, the first Malaysian-owned company to list on the Jakarta Stock Exchange, expects its profit before tax to grow between 15% and 20% this year buoyed by its expansion programme.

“Last year, we made RM30mil profit before tax. We expect next year to be better as we have embarked on an expansion programme to increase our production capacity,” said director Datuk Francis Lau, who is also executive director of Bursa Malaysia-listed Leong Hup Holdings Bhd, one of Malaysia's largest integrated poultry companies.

Second Finance Minister Tan Sri Nor Mohamed Yakcop, who attended the listing ceremony, said he was impressed that PT Malindo became the first Malaysian company, which started from scratch, to be eventually listed on the Jakarta Stock Exchange.

“I was told that I was the first minister from Malaysia to be given the honour to ring the bell to commence trading at the Jakarta Stock Exchange,” he added.